Emmanuel OchayiNigeria’s equity market started 2025 on a positive trajectory, with a 0.25% rise in the NGX All Share Index (ASI). This increase brought the ASI to 102,926.4 points, while the overall market capitalisation grew from ₦62.763 trillion in 2024 to ₦62.918 trillion as of Thursday, January 2, 2025.
Investors exchanged 829,754,438 shares worth ₦5.666 billion across 11,752 deals during the first trading session.
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The Nigerian Exchange Limited (NGX) also announced updates to its market indices, effective from the start of the trading year. These indices include:
- NGX 30
- NGX Lotus Islamic
- NGX Pension
- NGX Pension Broad Index
- Corporate Governance Index
- Afrinvest Bank Value Index
- Afrinvest Dividend Yield Index
- Meristem Growth Index
- Meristem Value Index
- Sectoral indices: NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods, and NGX Oil & Gas.
Changes in Company Listings
The full-year market index review led to the inclusion and removal of some companies from these indices. These changes aim to reflect the evolving performance of listed companies and their compliance with sectoral criteria.
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List of Active Stocks
During Thursday’s trading, the most actively traded stocks included:
- MTN Nigeria
- Dangote Cement
- Access Holdings
- Zenith Bank
- FBN Holdings
- Guaranty Trust Holding Company (GTCO)
These stocks significantly contributed to the day’s positive performance.
Market Sentiment and Outlook
Market analysts attributed the gains to investor optimism as businesses and economic activities resume after the holiday season. A market participant stated, “The year has started with a positive outlook, and we anticipate stable growth if macroeconomic policies remain supportive.”
Economic Indicators to Watch
Investors are closely monitoring policies from the Central Bank of Nigeria and other economic indicators that could influence the equity market’s performance in 2025.
The upward trend on the first trading day sets a hopeful tone for Nigeria’s equity market. With increased trading activity and strategic adjustments to indices, stakeholders remain cautiously optimistic about the year ahead.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
